Fiserv Inc
0IP9.L
$128.11 1.72%
Exchange: LSE | Sector: Technology | Industry: Software Services
Q2 2024
Published: Jul 25, 2024

Earnings Highlights

  • Revenue of $5.11B up 7.4% year-over-year
  • EPS of $1.53 increased by 37.8% from previous year
  • Gross margin of 61.2%
  • Net income of 894.00M
  • ""Our commitment to evolving our offerings and technology will ensure our competitiveness amid challenges and market changes."" - Frank Young

Fiserv Inc (0IP9.L) Q2 2024 Financial Results - Strong Growth Amid Market Challenges

Executive Summary

Fiserv Inc reported strong financial results for Q2 2024, showcasing revenue of $5.107 billion, marking a 7.38% year-over-year increase and a sequential rise of 4.59% from Q1. The company's net income surged 30.89% year-over-year to $894 million, reflecting effective cost management and strategic investments that are paying dividends. Management expressed confidence in sustaining this growth trajectory, driven by robust demand in their payment solutions and fintech services. Operating income improved by 26.26% year-over-year to $1.428 billion, indicative of operational efficiencies and strong gross profit margins of 61.19%. As Fiserv navigates the challenges of the evolving digital payment landscape, it remains committed to leveraging their extensive technology portfolio to retain competitive advantages and enhance shareholder value.

Key Performance Indicators

Revenue

5.11B
QoQ: 4.59% | YoY:7.38%

Gross Profit

3.13B
61.19% margin
QoQ: 8.58% | YoY:10.54%

Operating Income

1.43B
QoQ: 20.91% | YoY:26.26%

Net Income

894.00M
QoQ: 21.63% | YoY:30.89%

EPS

1.53
QoQ: 23.39% | YoY:37.84%

Revenue Trend

Margin Analysis

Key Insights

  • **Revenue**: $5.107 billion (YoY: +7.38%, QoQ: +4.59%)
  • **Gross Profit**: $3.125 billion (YoY: +10.54%, QoQ: +8.58%)
  • **Operating Income**: $1.428 billion (YoY: +26.26%, QoQ: +20.91%)
  • **Net Income**: $894 million (YoY: +30.89%, QoQ: +21.63%)
  • **EPS**: $1.53 (YoY: +37.84%, QoQ: +23.39%)

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 5,516.00 1.86 +8.0% View
Q1 2025 5,130.00 1.51 +5.1% View
Q4 2024 5,251.00 1.64 +6.8% View
Q3 2024 5,215.00 0.98 +7.0% View
Q2 2024 5,107.00 1.53 +7.4% View